10,500 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by Lakeshore Financial Planning Inc.

Lakeshore Financial Planning Inc. acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,500 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. increased its holdings in shares of NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. State Street Corp grew its holdings in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. FMR LLC grew its holdings in NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after acquiring an additional 8,728,833 shares during the period. Geode Capital Management LLC boosted its position in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in NU by 5.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,044,971 shares of the company’s stock worth $218,026,000 after purchasing an additional 1,067,992 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 4.7 %

NU stock opened at $11.39 on Friday. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $54.26 billion, a P/E ratio of 28.47, a PEG ratio of 0.48 and a beta of 1.14. The stock has a 50-day simple moving average of $12.04 and a 200-day simple moving average of $12.90.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of recent analyst reports. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Barclays decreased their target price on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.47.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.